"Americans no longer look to government for economic security; rather, they look to their portfolios"
- Bill Owens
About this Quote
This quote by Bill Owens suggests that Americans are no longer depending on the government to provide economic security. Instead, they are taking matters into their own hands and investing in their own portfolios. This shift in attitude reflects the changing economic landscape in the United States, where individuals are increasingly responsible for their own financial security. This remains in contrast to the past, when the federal government was seen as the main provider of financial security. The increase of the stock market and other financial investment opportunities has actually made it simpler for individuals to take control of their monetary future. As a result, Americans are no longer seeking to the federal government for economic security, however rather to their own portfolios.
This quote is written / told by Bill Owens somewhere between October 22, 1950 and today. He was a famous Politician from USA, the quote is categorized under the topic Government. The author also have 23 other quotes.
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"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
